Drone Giant DJI Added to U.S. Blacklist
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Photo: Raul Marrero/Gizmodo
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The U.S. Commerce Department on Friday added drone maker DJI to its “Entity List,” effectively banning U.S. companies from doing business with the China-based firm.
The addition of DJI to the Entity List, first reported by Reuters, marks a last-minute acceleration in the Trump administration’s crackdown on Chinese firms and follows similar action against Huawei, which was added to the list last year on national security grounds. The move comes just weeks before President-elect Joe Biden takes office. Biden has criticised Trump’s handling of U.S.–China relations, which have boosted tensions between the two countries and set the stage for what some cal
Troubles rise for China’s biggest chipmaker SMIC
Semiconductor Manufacturing International Corporation (SMIC), China’s top chipmaker, is under mounting pressure as reports of its CEO’s looming departure and a potential U.S. sanction concern investors.
The U.S. Commerce Department is looking to add dozens of companies, mostly Chinese and including partially state-owned SMIC, to its trade blacklist, Reuters and The Wall Street Journal reported on Friday. The move will restrict SMIC from buying key components from U.S. suppliers by mandating U.S. exporters to apply for a license to sell to the Chinese firm.
The Commerce Department confirmed that its Bureau of Industry and Security has added SMIC to the so-called Entity List to “protect U.S. national security.” Sixty other entities, including China’s drone giant DJI, were added to the list for actions deemed contrary to the national security or foreign policy interest of the U.S.
News Wire Feed Light Reading 12/18/2020
WASHINGTON The Bureau of Industry and Security (BIS) in the Department of Commerce (Commerce) added Semiconductor Manufacturing International Corporation (SMIC) of China to the Entity List. BIS is taking this action to protect U.S. national security. This action stems from China s military-civil fusion (MCF) doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex. We will not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary. Between SMIC s relationships of concern with the military industrial complex, China s aggressive application of military civil fusion mandates and state-directed subsidies, SMIC perfectly illustrates the risks of China s leverage of U.S. technology to support its military modernization, said Commerce Secretary Wilbur Ross.
Photo: Raul Marrero/Gizmodo
The U.S. Commerce Department on Friday added drone maker DJI to its “Entity List,” effectively banning U.S. companies from doing business with the China-based firm.
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The addition of DJI to the Entity List, first reported by Reuters, marks a last-minute acceleration in the Trump administration’s crackdown on Chinese firms and follows similar action against Huawei, which was added to the list last year on national security grounds. The move comes just weeks before President-elect Joe Biden takes office. Biden has criticized Trump’s handling of U.S.–China relations, which have boosted tensions between the two countries and set the stage for what some call a New Cold War.
U S blacklists dozens of Chinese firms including SMIC, DJI | One America News Network oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.